Industry News
Former head of Great Wall Motor's premium EV brand reportedly leaves to start new venture
Li Peng, formerly head of Great Wall Motor's premium EV brand Saloon, left earlier this year to found U Power, a smart electric vehicle brand, caijing.com.cn reported Wednesday.
Former Lynk & Co quality chief reportedly joins Jidu
Xu Hua, formerly general manager of Lynk & Co's quality center, has joined Baidu's carmaking arm Jidu Auto, responsible for quality and supply chain operations, caijing.com.cn reported Wednesday.
Retail investors have been buying the dip as Nio, Xpeng shares plunge
Nio, Xpeng, and Alibaba were among the six most purchased single stocks through this week, with Nio attracting at least $105 million, Vanda Research said in a report released Wednesday.
China's first hydrogen refueling station with hydrogen production starts trial operation
A hydrogen refueling station with hydrogen production capacity built by Guangdong-based Foran Energy started trial operation on July 28, the first of its kind in China.
Geely looks to expand presence in overseas markets through new partnership
Geely said it entered into a strategic partnership with international auto retail giant Inchcape Group on July 26 to jointly tap global markets.
China's car sales expected to reach 30 million units by 2025, report says
China's auto market has seen steady growth, with sales expected to reach a record high of 30 million units by 2025, a new report said.
Safety concerns biggest deterrent for people to buy EVs, survey shows
The poll drew 16,000 participants, with 9,246 saying they were worried about safety, or 58 percent. A total of 3,981 people said they were worried about range, or 25 percent.
GAC says it aims for half of its vehicle sales to be NEVs by 2035
GAC aims to reach 3.5 million vehicles in both production and sales by 2025, with a compound annual growth rate of more than 10 percent and a market share of more than 12 percent.
Anhui aims to produce over 10% of China's NEVs by 2023
Anhui accounted for about 7 percent of China's NEV production in the first half of the year.
GAC Aion shows technology with charging speed comparable to refueling
The company's 3C high-rate fast charging technology enables vehicles to be charged from 0 to 80 percent in 16 minutes, with a charging time of 10 minutes for 30 percent to 80 percent charge.